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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 1,360 · FY2023 1,827 · FY2024 1,092 — 3-yr total 4,280
Orient Logic (ორიენტ ლოჯიკი) — a Tbilisi corporate IT integrator and computer-equipment reseller, on the register since November 1995 and headquartered at 71 Vaso Godziashvili St. Its departments cover network infrastructure, server infrastructure, software development, cyber security, computer and peripheral goods, international-brand warranty service and corporate-client service; declared NACE codes span computer wholesale and retail (46510, 47410), programming, IT consultancy and computer facilities management (62010, 62020, 62030, 62090) and computer repair (95110). Customers are state and private-sector organisations. Revenue is weighted to hardware resale — the FY2024 report says the period was mainly computer-equipment import and sale — with warranty and repair service and software-licence resale alongside; gross margin runs 35-41%. Held in equal 25% shares by four individuals. Holds a dormant Swedish branch (ORIENT LOGIC FILIAL SVERIGE); FY2024 statements are individual rather than consolidated because the subsidiary is dormant. Second-category (medium) enterprise. The FY2024 audit opinion is qualified on inventory, the auditor having been unable to observe the stocktake.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 31,081 | 34,050 | 46,108 | 32,147 | 34,198 | 36,417 | 38,309 | 38,940 | +3.3% |
| Total COGS | 22,121 | 24,793 | 32,488 | 24,264 | 23,527 | 23,721 | 22,599 | 24,508 | +1.5% |
| Gross Profit | 8,961 | 9,257 | 13,620 | 7,883 | 10,671 | 12,696 | 15,710 | 14,432 | +7.0% |
| Gross Margin | 28.8% | 27.2% | 29.5% | 24.5% | 31.2% | 34.9% | 41.0% | 37.1% | |
| Other Operating Income | 0 | 0 | 0 | 0 | 5 | 0 | 545 | 561 | nmf |
| 2,439 | 8,984 | 10,010 | 10,135 | 10,052 | 11,747 | 13,766 | 13,782 | +28.1% | |
| EBITDA | 6,521 | 273 | 3,610 | 2,252 | 623 | 949 | 2,488 | 1,211 | -21.4% |
| EBITDA Margin | 21.0% | 0.8% | 7.8% | 7.0% | 1.8% | 2.6% | 6.5% | 3.1% | |
| Total D&A | 135 | 120 | 240 | 385 | 454 | 337 | 201 | 239 | +8.5% |
| EBIT / Operating Income | 6,387 | 153 | 3,370 | 2,638 | 169 | 613 | 2,288 | 972 | -23.6% |
| Total Interest Expense | 0 | 0 | 0 | 0 | 138 | 0 | 247 | 655 | +68.1% |
| 271 | 443 | 140 | 176 | 755 | 591 | 76 | 330 | nmf | |
| Profit Before Tax | 6,658 | 596 | 3,230 | 2,462 | 786 | 1,203 | 1,965 | 12 | nmf |
| Total Income Tax | 0 | 154 | 0 | 0 | 93 | 241 | 0 | 0 | +11.8% |
| Net Profit / (Loss) | 1,694 | 426 | 3,198 | 2,462 | 693 | 963 | 1,965 | 12 | nmf |
| Net Margin | 5.4% | 1.3% | 6.9% | 7.7% | 2.0% | 2.6% | 5.1% | 0.0% |
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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